The Hour Glass to acquire 2 New Zealand office buildings for $54 mil

22 Jan 2020 - The Edge Markets
SINGAPORE (Jan 22): Luxury watch retailer The Hour Glass has entered into sale and purchase agreements to acquire two office buildings along Queen Street in Auckland, New Zealand, for a total consideration of NZ$60.0 million ($54.0 million). Both properties are five-storey retail and commercial office ...

Mapletree Logistics Trust eyes $41.4 mil acquisition of logistics property in South Korea

22 Jan 2020 - The Edge Markets
SINGAPORE (Jan 22): Mapletree Logistics Trust (MLT) is acquiring DC Deokpyung, a logistics property in South Korea, for 35.8 billion Korean won ($41.4 million), the manager announced on Wednesday. The property is located in Yongin-Icheon, a prime logistics cluster in the south-east region of the Seoul ...

China New City (1321.HK) and Maggie & Rose Champion Quality Family Time

22 Jan 2020 - ACN Newswire
On the evening of 18th January, Jaap's Beethoven 1, a finale concert jointly performed by the Hong Kong Philharmonic Orchestra and world-renowned pianist Lang Lang and sponsored by Maggie and Rose Limited (Maggie & Rose The Family Members Club - hereinafter referred to as "Maggie & Rose") - indirectly ...

Singapore shares post 0.2% recovery after sell-off on China virus fears

22 Jan 2020 - The Business Times
THE outbreak of a new coronavirus originating in Wuhan evoked memories of 2003's Sars epidemic, sending Asia's markets lower on Tuesday but they staged a recovery the following day after Chinese officials stepped up containment efforts, easing worries. With the global economy continuing its recovery, ...
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Singapore stocks: STI resumes Wednesday afternoon down 0.09% on day

22 Jan 2020 - The Business Times
SINGAPORE stocks resumed trading on Wednesday afternoon slightly down, with the Straits Times Index losing 0.09 per cent or 3.02 points on the day to 3,244.15 as at 1.04pm. Decliners outnumbered advancers 203 to 142, after about 1.18 billion securities worth S$439.9 million changed hands. Among the most ...
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Novelship fills the gaps in the sneakers reseller market

22 Jan 2020 - Singapore Business Review
It acts as an “gatekeeper” for authenticity and product condition. Some people invest in art, others in jewellery, but to some fashion-minded youngsters, a pair of limited-edition sneakers is an investment they want to make. The demand is high even for the most expensive items, like the Kanye West x ...

CHIL reduces prematurity risks through data analysis

22 Jan 2020 - Singapore Business Review
The platform can monitor the early onset of morbidities of an infant. In an effort to save infants from the effects of prematurity, healthtech startup Child Health Imprints (CHIL) created a platform based on IoT for neonatal intensive care units (NICUs) by capturing real-time clinical data from the connected ...

Singapore dominates mobile payment market for Chinese tourists

22 Jan 2020 - Singapore Business Review
77% of Chinese tourists in the city use mobile payments. Singapore ranked as the most preferred country in the world to do mobile payments amongst Chinese tourists, according to a report by Nielsen and Alipay. About 77% Chinese tourists in Singapore use mobile payments in transactions. Correspondingly, ...

CapitaLand Commercial Trust NPI up 2.1% to $321.22m in 2019

22 Jan 2020 - Singapore Business Review
It received higher gross revenue from 21 Collyer Quay and Capital Tower in Q4. CapitaLand Commercial Trust's (CCT) net property income (NPI) climbed 2.1% to $321.22m in FY 2019, according to a press release. Gross revenue grew 4.7% to $412.35m over the same period. In Q4, NPI rose 3.3% YoY to $81.89m, ...
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Keppel DC REIT's NPI climbed 12.4% to $177.28m in 2019

22 Jan 2020 - Singapore Business Review
Full- year contributions from Keppel DC Singapore 5 boosted its distributable income. Keppel DC REIT popped the champagne as net property income (NPI) inched up 12.4% YoY to $177.28m in FY2019 from $157.67m in 2018, according to an SGX filing. NPI for Q4 2019 rose 14.3% YoY to $48.53m from $42.47m in ...
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